Sotheby's (BID) Tops Q3 EPS by 5c
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Sotheby’s Reports 2018 Third Quarter Financial Results
November 1, 2018 7:01 AM EDTNEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Sothebys (NYSE: BID) today reported its financial results for the third quarter and nine months ended September 30, 2018.Â
For the three months ended September 30, 2018, Sothebys reported a net loss of ($27.8) million, or ($0.55) per diluted share. These results represent a decline of 19% from ($23.5) million and 22% from ($0.45) per diluted share in the prior period. However, after excluding certain items, Adjusted Net Loss* for the three months ended September 30, 2018 improved $2.7 million (11%) to ($20.8) million when compared to the prior year. This improvement is largely due to a 30% increase in Net... More
